{
 "id": "bittensor-an-investment-history-from-genesis-to-dtao-tao-flow/bth2-f7",
 "title": "GTAO: the road to a spot ETF",
 "subtitle": "Grayscale Bittensor Trust net assets, from first report through its OTCQX debut and the spot ETF S-1 filing, as of May 2026.",
 "note": "NYSE Arca conversion is pending. The trust ran as a private placement until its OTCQX debut, then traded OTC alongside the reopened private placement.",
 "source": "Source: Grayscale , SEC filings (S-1) .",
 "sources": [
  {
   "name": "Grayscale",
   "url": "https://www.grayscale.com/funds/grayscale-bittensor-trust"
  },
  {
   "name": "SEC filings (S-1)",
   "url": "https://www.sec.gov/Archives/edgar/data/2029297/000119312525335992/tao-20251230.htm"
  }
 ],
 "report": {
  "title": "Bittensor: The Investment History",
  "url": "https://www.khala.io/bittensor-an-investment-history-from-genesis-to-dtao-tao-flow",
  "date_published": "2026-06-11"
 },
 "url": "https://www.khala.io/bittensor-an-investment-history-from-genesis-to-dtao-tao-flow#ix-bth2-f7-t",
 "publisher": "Khala Research",
 "cite": "Khala Research, \"GTAO: the road to a spot ETF\", in \"Bittensor: The Investment History\", June 11, 2026. https://www.khala.io/bittensor-an-investment-history-from-genesis-to-dtao-tao-flow#ix-bth2-f7-t",
 "csv": "https://www.khala.io/data/bittensor-an-investment-history-from-genesis-to-dtao-tao-flow/bth2-f7.csv",
 "columns": [
  "Label",
  "Value",
  "Detail"
 ],
 "rows": [
  {
   "Label": "Aug",
   "Value": "$1.5M",
   "Detail": "2024"
  },
  {
   "Label": "Dec",
   "Value": "$4.4M",
   "Detail": "2024"
  },
  {
   "Label": "Dec",
   "Value": "$7.97M",
   "Detail": "2025"
  },
  {
   "Label": "May",
   "Value": "$11.3M",
   "Detail": "2026"
  }
 ],
 "quantitative": true
}